Latest economic news update from Sidney we reporting, Australia Has A$2.088 Billion Trade Deficit, Australia posted a seasonally adjusted merchandise trade deficit of A$2.088 billion in October, the Australian Bureau of Statistics said on Friday - a fall of 47 percent or A$668 million in the deficit from the previous month
Global market outlook for 2013 is poor, ADB Trims Developing Asia Outlook, The Asian Development Bank (ADB) on Friday slashed its growth forecasts for developing Asia, as continued weakness in India and newly-industrializing economies slightly outweighed positive developments in some of the major Southeast Asian economies
Meanwhile, Bundesbank Trims German Growth Outlook, The Bundesbank on Friday slashed Germany's growth forecast for next year, citing widespread uncertainty and difficult economic situation in parts of the euro area. Gross domestic product is now expected to grow 0.4 percent in 2013, slower than 1.6 percent expansion forecast in June. This year, growth is estimated at 0.7 percent, down from the previous forecast of 1 percent
U.S. Labor Department announces new data, U.S. Employment Increases By Much More Than Expected In November, Employment in the U.S. increased by much more than anticipated in the month of November, according to a report released by the Labor Department on Friday, with the report indicating that Hurricane Sandy did not substantively impact the data
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